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The latest update is out from Trustpilot Group Plc ( (GB:TRST) ).
Trustpilot Group Plc has appointed Deutsche Numis as a joint corporate broker, joining J.P. Morgan Cazenove and Morgan Stanley. This strategic move is expected to strengthen Trustpilot’s financial advisory capabilities and potentially enhance its market positioning, benefiting stakeholders by aligning with reputable financial institutions.
The most recent analyst rating on (GB:TRST) stock is a Buy with a £400.00 price target. To see the full list of analyst forecasts on Trustpilot Group Plc stock, see the GB:TRST Stock Forecast page.
Spark’s Take on GB:TRST Stock
According to Spark, TipRanks’ AI Analyst, GB:TRST is a Neutral.
The overall stock score is driven primarily by strong financial performance, including robust revenue growth and efficient cash flow management. Technical indicators suggest a lack of strong buying momentum, and valuation metrics indicate the stock may be overvalued, which could pose a risk if earnings growth does not accelerate.
To see Spark’s full report on GB:TRST stock, click here.
More about Trustpilot Group Plc
Trustpilot Group Plc operates in the online review industry, providing a platform for consumers to share and read reviews about businesses. The company focuses on enhancing trust and transparency between consumers and businesses across various markets.
Average Trading Volume: 1,495,913
Technical Sentiment Signal: Sell
Current Market Cap: £811.7M
For an in-depth examination of TRST stock, go to TipRanks’ Overview page.